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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: TechMeister who wrote (4019)7/28/1998 5:38:00 PM
From: Sam  Read Replies (1) | Respond to of 9256
 
What a surprise.

A month ago, Stitch said that he would be surprised if this offering actually occurred. He never said if he thought the reason would be that market conditions wouldn't allow it, or someone would step in and buy them beforehand. They want $9.50/share, last I heard, for a little more than half the company. Would value the company at a PSR of more than .5, even given last quarter's great numbers. I doubt that they will get it.